What Are the Different Types of Economic Development Initiatives?

The national economic development plan refers to the state's deployment and arrangement of economic, social development strategies, goals, policies, and programs.

National Economic Development Plan

Right!
The national economic development plan refers to the state's deployment and arrangement of economic, social development strategies, goals, policies, and programs.
Chinese name
National Economic Development Plan
Foreign name
Plans for national economic development
Purpose
Maintain macroeconomic balance, etc.
Meaning
National strategies for economic and social development, etc.
Purpose of the plan
1. Maintain macroeconomic balance. There are four major goals of macroeconomic policies, namely full employment, economic growth, price stability and balance of payments. Whether or not any of these goals are achieved is directly related to the healthy and coordinated development of the entire society. The four macroeconomic goals are sometimes inconsistent and even contradictory. For example, to reduce the unemployment rate, we must compensate with a higher inflation rate; to reduce the pressure of inflation, we must pay the price of increasing the unemployment rate. Therefore, the state must adopt certain macro policies to keep the unemployment rate and inflation rate in a socially acceptable range, otherwise, the society will show signs of instability. The country's long-term planning can reduce the blindness of the development of the market economy, prevent enterprises from making mistakes in decision-making, and reduce social losses. The national directive plan can guarantee the supply of important products related to the national economy and people's livelihood, and can ensure the needs of national key production and infrastructure construction. The state uses macroeconomic control measures to interfere with the market, eliminate "market failures", maintain macroeconomic balance, and combine with microscopic corporate management to construct a perfect market system and lay the foundation for the harmonious development of society as a whole. [1]
2. Ensure sustainable social development. The economic development of modern society often comes at the expense of the environment. Depletion of resources and environmental pollution have become global problems. Human society is facing the predicament of sustainable development. All countries in the world have realized that relying solely on a market economy cannot be solved automatically. The problem of sustainable development. At the United Nations Conference on the Human Environment held in June 1972, it was clearly stated that "protecting and improving the environment is an important issue that affects the happiness and economic development of people around the world, and is also the urgent hope of the peoples of the world and the responsibility of governments." The government has the responsibility and obligation to regulate corporate behavior, reduce environmental pollution, support ecological industries, reduce resource consumption, and ensure sustainable social development.

IN OTHER LANGUAGES

Was this article helpful? Thanks for the feedback Thanks for the feedback

How can we help? How can we help?